Quarterly report pursuant to sections 13 or 15(d)

Description of Stock Plans (Tables)

v2.4.0.6
Description of Stock Plans (Tables)
6 Months Ended
Sep. 30, 2012
Stock Compensation Expense

Equity Incentive Plan is included in the following statements of operations components:

 

     Six
Months Ended
September 30,
2012
     Six Months Ended
September 30,
2011
 

Product development

   $ —         $ 69   

Sales and marketing

     —           —     

General and administrative

     1,713         —     
  

 

 

    

 

 

 
   $ 1,713       $ 69   
  

 

 

    

 

 

 
2011 Equity Incentive Plan
 
Summary of Options Granted

The following table summarizes options granted under the Company’s 2011 Equity Incentive Plan for the periods or as of the dates indicated:

Options

 

(in thousands)    Number of      Weighted Average  
     Shares      Exercise Price  

Outstanding at March 31, 2012

     —         $ —     
  

 

 

    

 

 

 

Granted

     500       $ 0.84   

Canceled

     —         $ —     

Forfeited

     —         $ —     

Exercised

     —         $ —     
  

 

 

    

 

 

 

Outstanding at September 30, 2012

     500       $ 0.84   
  

 

 

    

 

 

 
Exercise Price for Options Outstanding and Options Exercisable

The exercise price for options outstanding and options exercisable at September 30, 2012 was as follows:

 

Range of
Exercise Price

  Weighted
Average
Remaining
Contractual Life
(Years)
    Number
Outstanding and
Exercisable
September 30, 2012
    Weighted
Average
Exercise
Price
    Aggregate
Intrinsic
Value
 
$0      - $1.00     3.77        2,698      $ 0.47      $ 952,714   
$2.00 - $3.00     5.72        1,300      $ 2.75      $ —     
$4.00 - $5.00     5.37        800      $ 4.75      $ —     
   

 

 

     

 

 

 
    4.56        4,798      $ 1.80      $ 952,714   
   

 

 

     

 

 

 
2007 Employee, Director and Consultant Stock Plan equity compensation plan
 
Summary of Options Granted

The following table summarizes options granted under the Company’s 2007 Employee, Director and Consultant Stock Plan equity compensation plan for the periods or as of the dates indicated:

Option Plans

 

(in thousands)    Number of      Weighted Average  
     Shares      Exercise Price  

Outstanding at March 31, 2012

     4,798       $ 1.80   
  

 

 

    

 

 

 

Granted

     —         $ —     

Canceled

     —         $ —     

Forfeited

     —         $ —     

Exercised

     —         $ —     
  

 

 

    

 

 

 

Outstanding at September 30, 2012

     4,798       $ 1.80   
  

 

 

    

 

 

 

Exercisable at September 30, 2012

     4,798       $ 1.80   
  

 

 

    

 

 

 
Other Incentive Programs
 
Summary of Options Granted

The following table summarizes options granted that are not under the Company’s 2011 Equity Incentive Plan for the periods or as of the dates indicated:

Options

 

(in thousands)    Number of      Weighted Average  
     Shares      Exercise Price  

Outstanding at March 31, 2012

     —         $ —     
  

 

 

    

 

 

 

Granted

     1,500       $ 0.84   

Canceled

     —         $ —     

Forfeited

     —         $ —     

Exercised

     —         $ —     
  

 

 

    

 

 

 

Outstanding at September 30, 2012

     1,500       $ 0.84